no credit Tag

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It’s not just high demand or steep monthly payments that could come between you and a loan at the bank, a credit card you would like to apply to or an apartment that you would like to rent. There’s another big obstacle: your credit score. If you have bad credit or no credit at all you are already at an unfavorable position in relation to other applicants. But who has a harder time: people with bad credit or those with no credit?

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Bad Credit VS No Credit is very similar in a sense that both of them are far away from good credit, other than that they are completely different. But what is the difference between them?

No credit means you don’t have a credit record, a lack of credit history. Bad credit means you do, and it's a result of poor history, basically, it means you’ve made some big mistakes.